I’m working on a market analysis for a four bedroom house in Lincoln Park. My market analyses include checking inventory levels to see how many such homes are currently on the market. I drill down in the data much deeper, but a chart of the last 2 years of monthly inventory levels tells us several things about the market.
As you can see from the chart above, there were 51 Lincoln Park 4 bedroom houses for sale in January, the same number as in January 2009 and the lowest level during the past 2 years. In addition we see that:
- the inventory of Lincoln Park 4 bedroom houses for sale for the past 2 years peaked in June 2010
- the number of such houses for sale was higher in 2010 than 2009 (thus, pushing down prices)
- the inventory levels are seasonal with the number of houses for sale increasing early in the year and dropping off at the end of the year
To view all Lincoln Park houses for sale click here now.